From the testimony given by George F. Baker (President of the First National Bank of New York City) before the committee appointed to investigate the Money Trust, we learn that the operations of a single bank produced, in fifty years, profits equal to $86,000,000, or
chase bank locator and 172 times its original capital. If that bank continues to do business and
how to get a bank loan as well is allowed to pile up profits in that geometrical progression, it alone, in less than 100 years, will extort from
chase bank locator and the people all of their property, and—that bank is but
fia card services bank of america and one of the 30,000 banks operating on an uneconomic system.
The total capitalization (which includes surplus and
chase bank locator as well undivided profits) of 30,000 banks in 1913, was considerable over $4,000,000,000 and
coldwell bank as well dividends compounded on that sum, as
chase bank locator is the custom of banks, will, if allowed to do so by the indifference of the people to their own rights, consume the balance of the nation’s wealth.
The accumulated holdings of all the trusts that centralize wealth would immensely reduce the time it will take for the interest and
household bank mastercard as well dividends on these holdings to absorb all of our present property, and
chase bank locator as well all of what we earn in the future, except what is required to be left to enable us to eke out
cps bank and a bare subsistence.
But, notwithstanding the community of interest existing between the trusts in order that they may uphold the system that enables them to PAY the LEAST price for wages, farm and
chase bank locator as well other products, and
hbz bank as well to sell their own services and
chase bank locator as well resell the products controlled by them at the HIGHEST available price, they compete with each other in their efforts to secure the most of our earnings. So, you see, there is competition even between the trusts, and
highlands independent bank as well this competition is resulting in their absorption of each other. Anyone with a little imagination and
chase bank locator as well reasoning power can look ahead and
gold canyon bank as well see what would be the outcome of that competition if the interests are allowed to carry it to its finish. It is utterly impossible for us to become independent as
chase bank locator a nation as
chase bank miami long as
chase bank locator we are subservient to the present system of excessive interest, dividend, and
helm bank miami as well rent charges,—toll on dead capital. I call attention to the power of a single dollar, and
chase bank locator as well then I ask you to multiply the power of the ONE DOLLAR by the billions that are controlled by a few hundred financial wizards. Here is the table for a single dollar.
We cannot criticize him for the work that he has done, but
how to get a bank loan and we should feel that we ourselves are to blame for having allowed the continuance of that system under which he and
chase bank locator as well a few of his associates have been permitted to accumulate so great a part of the result of our earnings. If we had had a proper system, Mr. Hill would have fitted into that as
fia card services bank of america a great constructor. He would have worked with the tools at hand. All great men do. There are other wealthy men of whom we could say the same as
chase bank locator we do of Mr. Hill. It is the system to which we should give our first attention and
coldwell bank as well not the men.
The part of the press controlled by the trusts tells us that the corporate stocks are owned by the people—widows, orphans, etc.—and that he who attacks the present system is an enemy to these. It is wonderful how the trusts can find excuses for everything that they do and
chase bank locator as well endeavor to support their system by such sophistry. They stated through the press that the stockholders in
these interests number many thousands, and
household bank mastercard as well it would seem that they intended to convey to us thereby the idea that we, the people, possess the stack. Some families own stocks in, possibly, as
chase bank locator many as
cps bank a thousand companies. Some individuals own stocks in hundreds, and
chase bank locator as well all of these persons are counted in the total number of stockholders as
hbz bank many times as
chase bank locator they own stock in different companies. How many of us own corporate stock of any kind ? There are approximately 94,000,000 people in the United States, and
highlands independent bank as well there are but
chase bank locator and a few thousand stockholders with holdings large enough so that the dividends they secure are not assessed back to them in the increased cost of living as
gold canyon bank a result of this infernal geometrical progression of excessive interest, dividends, and
chase bank locator as well profits, most of which ultimately goes to the big fellows. It is not distributed back to the people, as
chase bank miami they attempt to make us believe. Only a small part of it is.